question 15 (4 points) compound interest is interest that is calculated on both the principal amount plus…

question 15 (4 points) compound interest is interest that is calculated on both the principal amount plus previous interest. true false

question 15 (4 points) compound interest is interest that is calculated on both the principal amount plus previous interest. true false

Answer

Brief Explanations:

Compound interest is calculated on the principal amount and the accumulated interest from previous periods.

Answer:

True